Does WTI Oil have enough energy to travel back up?
After an unsuccessful breakout in mid-January, 
OIL made its move back down. That said, it's currently finding support near the 200-day EMA. On one hand, it may seem that this is the place for a potential rebound, however, the bulls should not get their hopes up, because there some indication for a possible drift further south. Take a look at the video idea.
USOIL
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74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
OIL made its move back down. That said, it's currently finding support near the 200-day EMA. On one hand, it may seem that this is the place for a potential rebound, however, the bulls should not get their hopes up, because there some indication for a possible drift further south. Take a look at the video idea.USOIL RISK DISCLAIMER
74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.